PRODUCTION CONCEPTS

AND ANALYSIS
PRESENTED BY : SAGAR
Introduction
Product function
Types of product function
Laws of product function

CONTENT
 Production concept is a belief that states that the customer
would always acquire products which are cheaper and
more readily available.

 The analysis in which the resources such as land , labor

and capital are employed to produce a firm’s final product

Introduction
A production function is a physical relation
between a firm’s inputs of resources and its
output of goods and services per unit of time

 Describes the technological relationship between

inputs and outputs
 Equations
Q = F(a,b,c,d,e)

PRODUCTION FUNCTION
TYPES OF PRODUCTION FUNCTION